MAG Capital Partners has acquired two modern industrial facilities in Peekskill, New York, in a sale-leaseback transaction with White Plains Linen. The properties, located at 4-6 John Walsh Boulevard and 10 John Walsh Boulevard, serve as the headquarters and operational center for White Plains Linen and total 104,220 square feet.
“White Plains Linen’s origin dates back to the 1930s,” said Dax T.S. Mitchell, principal of MAG Capital Partners. “The properties are strategically proximate to its thousands of New York City and regional customers and are a welcome addition to our expanding portfolio in the Northeast, where there is continued demand for warehouse, distribution, and logistics sites.”
Serving the New York metropolitan area, White Plains Linen delivers over one million pounds of fine linens each week. In 2019, the company expanded its offerings to include a national e-commerce distribution platform for wholesale products.
Daniel Macks, Jonathan Wolfe, and Joe DiGennaro of STREAM Capital Partners represented the seller in the sale. Financial details of the transaction have not been disclosed.
